Alpha Metallurgical Resources (NYSE:AMR) Stock Gets Price Target Reduction from B. Riley Financial

Alpha Metallurgical Resources (NYSE:AMR) had its price target cut by B. Riley Financial from $185.00 to $178.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

A number of other equities analysts have also issued reports on AMR. Weiss Ratings lowered Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. UBS Group upped their price objective on Alpha Metallurgical Resources from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Finally, Zacks Research raised Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $178.00.

Alpha Metallurgical Resources Trading Down 3.6%

Shares of NYSE:AMR opened at $162.43 on Monday. The company has a 50 day moving average of $188.90 and a 200-day moving average of $186.50. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.06 billion, a P/E ratio of -45.37 and a beta of 0.85. Alpha Metallurgical Resources has a twelve month low of $133.64 and a twelve month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The business had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. During the same quarter last year, the business earned ($0.38) earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. As a group, analysts anticipate that Alpha Metallurgical Resources will post -2.40 earnings per share for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth Courtis bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of $225.83 per share, with a total value of $2,258,300.00. Following the completion of the purchase, the director directly owned 1,035,394 shares in the company, valued at approximately $233,823,027.02. This trade represents a 0.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 35,000 shares of company stock valued at $7,388,400. 18.20% of the stock is owned by insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of large investors have recently added to or reduced their stakes in AMR. Bank of America Corp DE acquired a new stake in shares of Alpha Metallurgical Resources during the second quarter worth $8,763,000. Squarepoint Ops LLC purchased a new stake in shares of Alpha Metallurgical Resources during the second quarter valued at $3,728,000. NWF Advisory Services Inc. boosted its position in shares of Alpha Metallurgical Resources by 46.5% in the 2nd quarter. NWF Advisory Services Inc. now owns 57,925 shares of the energy company’s stock valued at $9,554,000 after purchasing an additional 18,390 shares during the period. Cibc World Market Inc. acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $1,741,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $8,983,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc is a mining company focused primarily on the production and sale of metallurgical coal. Its coal is used by steelmakers and coke producers in the manufacturing of steel, with additional sales of thermal coal for power generation. The company serves domestic and international customers through a network of mines and related operations.

Alpha operates principally in the Central Appalachian region, with mining assets in West Virginia and Virginia. Its activities include underground and surface mining, coal preparation, processing, and transportation.